Mexican fintech Covalto (formerly Credijusto) secured a MXN1.8b (~USD90m) credit line extension from Fideicomisos Instituidos en Relación con la Agricultura (FIRA), bringing the debt facility to a total of up to MXN3.8b (~USD189m). DFC also granted a USD10m unsecured loan to the startup. Read more… Read More
India-based rideshare platform Zoomcar agreed to list on the Nasdaq through a SPAC merger with Innovative International Acquisition at a USD456m implied pro-forma enterprise value. Zoomcar is backed by Sony Innovation Fund, Mahindra & Mahindra and Ford Smart Mobility, as well as Cyber Carrier, Empire Angels, InnoVen Capital, Sequoia Capital… Read More
VUZ (formerly 360VUZ), a UAE-basedVR content platform, raised a USD20m Series B led by Caruso Ventures, Vision Ventures, e& capital, Dubai Future District Fund, SRMG and Webit Investment Network. Elbert Capital, Yasta Partners, Faith Capital and Panthera Capital participated with follow-on from seven additional investors. Read… Read More
Sunly, an Estonia-based renewable energy provider, raised EUR200m (~USD200m) from Mirova and others. Read more… Read More
Lightspeed Venture Partners led a USD5m seed round for Fidu, an Argentina-based operations and payment platform for educational institutions, with participation from NFX, Imaginable Futures and Broom Ventures. Read more… Read More
Evolution Equity Partners led a USD41.5m round for Tatum, a Czech Republic-founded, UK-based blockchain app development platform, with participation from Octopus Ventures, 3VC, Tensor Ventures, Depo Ventures, Leadblock Fund and Circle Holdings. Read more… Read More
Mirae Asset Global Investments led a USD140m Series D for Indonesia-based FinAccel, the parent company of BNPL platform Kredivo, at a USD1.6b reported valuation, with follow-on from Cathay Innovation, Endeavor Catalyst, GMO Global Payment, Jungle Ventures, Openspace Ventures and Square Peg. Read more… Read More
India-based direct-to-consumer footwear startup Yoho raised a INR200m (~USD2.4m) Series A led by Rukam Capital, Rajeev Mishra (SoftBank), Vijay Shekhar Sharma (Paytm) and others. Read more… Read More
FlapKap, an Egypt-based revenue-based financing platform for e-commerce businesses, raised a USD3.6m seed round from QED Investors, Global Ventures’ Nclude fund, Outliers Ventures and A15. Read more… Read More
Lightspeed Venture Partners led a USD5m seed round for Fidu, an Argentina-based finance and communications management platform for schools, with participation from NFX, Imaginable Futures and Broom Ventures. Read more… Read More
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